The Globe and Mail reports in its Friday, May 2, edition that CIBC World Markets analyst Stephanie Price continues to rate Open Text "neutral." The Globe's David Leeder writes in the Eye On Equities column that Ms. Price gave her share target a $2 trim to $31 (all figures U.S.). Analysts on average target the shares at $32.82. Ms. Price says in a note: "Open Text reported mixed F3Q results with weaker top-line metrics including a $28-million/$85-million revenue miss/guide down (below low end of guide) and cloud bookings down 8 per cent year-over-year and guided down 10pts, as tariffs/DOGE impacted verticals including autos, fed, energy, materials and retail. Still, profitability was strong with healthy EBITDA and FCF beats, along with an expanded restructuring program looking to drive an incremental $340-million to $400-million annual cost out by FY27. Open Text is one of the few software companies so far to explicitly call out tariff/macro impacts and cut guidance. We maintain 'neutral' until we have increased confidence in a return to growth/FCF upside." The Globe reported on July 19 that Ms. Price had reaffirmed her "neutral" rating on Open Text. It was then worth $30.94.